"Projects executed for the Indian government have established our reputation as a company that is capable of delivering government projects within the stipulated time. We are now on stream to hand over three State Data Centres.
"Post its reorientation towards becoming self sustaining and profitable, the Commercial and Consumer business is beginning to see accelerated growth in the new segments we are focusing on, particularly with the fast-growing SMB and SOHO markets in its ambit. Our Cloud computing infrastructure, one of the first public cloud services offered in India, will emerge as unified platform for customers from retail, SOHOs, SMBs and Enterprise, making the services more cost-effective and scalable.
"The Government of India’s move to classify the proposed fibre-optic network as a national resource and make it available on equal terms to all operators wishing to provide broadband services will lead to a more level playing field for Sify. It will also allow us to further leverage our investments to deliver value-added services to customers across India. We are ideally positioned to ride the IT services wave in India with our network coverage, data centres footprint across metros and small cities, home-grown applications delivered on the cloud model and our international bandwidth capacity.”
Mr. MP Vijay Kumar, Chief Financial Officer, said, “We are now in the process of building additional capacity through our Data Centre build plan, Network expansion and new development plans for Sify Software. The new investments will add to the existing portfolio of our Network presence in 667 cities, 6 Data centres, millions of hours in skilled manpower across different business verticals and an appreciating investment in a financial services entity."As revenue continues to scale, we expect the anticipated benefits of these investments to be realized on both the top and bottom line.” FINANCIAL HIGHLIGHTS
|Unaudited Consolidated income statement as per IFRS|
|( In $ million, all translated at $1 = Rs.44.72)|
|Description||Quarter ended||Quarter ended||Quarter ended||Year ended|
|Commercial and consumer||2.23||3.22||2.73||11.77|
|Cost of Revenues||(34.08||)||(24.02||)||(22.46||)||(94.13||)|
|Selling, General and Administrative Expenses||(13.85||)||(14.11||)||(13.35||)||(53.72||)|
Depreciation and Amortisation expenses
|Net Finance Expenses||(1.46||)||(1.39||)||(0.70||)||(4.76||)|
|Share of Affiliates||0.47||0.35||0.52||1.98|
|Profit / (loss) Before tax||(1.91||)||(4.05||)||(1.19||)||(10.40||)|
|Profit / (loss) for the period||(1.91||)||(4.05||)||(1.19||)||(10.40||)|